Bitcoin Poised for Breakout, Says Analyst

Crypto strategist Jason Pizzino believes Bitcoin (BTC) is consolidating before a major surge.

Historical Precedence

Pizzino analyzed historical data and found that BTC could dip to $44,000 but still end the year bullish. He noted that similar dips have occurred in the past.

Breakout Timeline

Based on monthly chart patterns, Pizzino predicts a breakout within the next six months. He draws parallels to the 2016 consolidation and subsequent rally.

Current Market Conditions

At the time of writing, Bitcoin is trading at $58,541, down 2% in the last 24 hours.


Pizzino emphasizes that his opinions are not investment advice. Investors should conduct their own research before making any cryptocurrency investments.